The Financial Services Compensation Scheme (FSCS) is the UK's compensation fund of last resort for customers of authorised financial services firms. They may pay compensation if a firm is unable, or likely to be unable, to pay claims against it. This is usually because it has stopped trading or has been declared in default.
The FSCS’s efforts to improve consumer awareness have the backing of the regulatory authorities, industry and consumer groups who are all keen to ensure that every effort is made to improve financial stability through increased consumer confidence in financial services.
Please visit the FSCS's website for further information.